The CEO of @LouisVuitton has been forced to step down to to ill health:

"I have worked with Michael Burke for many years. He has enormous experience in our business and knows Louis Vuitton well," stated Arnault. "He is a seasoned leader with a well-rounded profile, pragmatic, multicultural and modern. He has excellent skills in motivating his teams. I am convinced that he is the right leader for Louis Vuitton's future; he will build on the initiatives launched by Jordi Constans, bringing the vision and drive to continue advancing Louis Vuitton's leadership position in luxury."